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Posted 12/26/2009 07:53 am
Here is why you need to live and learn and do research. You have to buy the coin, not the slab. Here are two links to two coins I asked people to grade. See their responses and then what PCGS graded each coin.
https://goccf.com/t/57313
https://goccf.com/t/57311
If PCGS had misgraded the 1912 S, the value difference would be around $400 - $500 but because the 1896 was misgraded the value difference is about $15
Now I am certain that some people will say that this is exactly why we have CAC around. To properly grade the graded coin. When does this stop? Maybe we need to add one more net to catch all the misgraded coins, and then another net. I say, you better know how to grade the coin yourself before you become a victim. Again, the 1912 s is going to be a very costly mistake for those who can not grade a coin for themselves.
https://goccf.com/t/57313
https://goccf.com/t/57311
If PCGS had misgraded the 1912 S, the value difference would be around $400 - $500 but because the 1896 was misgraded the value difference is about $15
Now I am certain that some people will say that this is exactly why we have CAC around. To properly grade the graded coin. When does this stop? Maybe we need to add one more net to catch all the misgraded coins, and then another net. I say, you better know how to grade the coin yourself before you become a victim. Again, the 1912 s is going to be a very costly mistake for those who can not grade a coin for themselves.
Edited by arktekt3j
12/26/2009 07:59 am
12/26/2009 07:59 am
